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    Northvolt’s collapse: A tale of reckless extravagance and blurred focus
    Fewer than two years after the collapse of Britishvolt, one of the most promising battery startups in the UK, Swedish battery maker Northvolt filed for chapter 11 in the US on Nov. 21. The filing followed its failure to scale up production as planned at its flagship gigafactory in Skellefteå, Sweden and raise more funds to rescue its operations. While Northvolt’s collapse is seen as another setback to Europe’s battery ambitions, it also underlines a wider trend of new-age, clean-tech startu...
    Automotive Supplier Outlook 2025: Volume 1 Companies A - D
    S&P Global Mobility's Matthew Beecham has engaged senior executives from 42 suppliers in the automotive supply chain for an end-of-year interview initiative. This initiative seeks to gather valuable insights on the challenges faced in 2024 and the strategies being formulated for 2025, prioritizing genuine experiences over elaborate strategies. This report is the first of four volumes published in late 2024. Key discussion points encompass significant trends impacting suppliers, such as sh...
    Tariff trouble: Will Mexico's auto investment engine splutter?
    In the aftermath of the US election, President-elect Donald Trump’s impending return to the Oval Office has sparked widespread speculation about the implications of his second term, particularly in the automotive sector. As the world watches, the intersection of politics and innovation becomes a focal point, with the administration's stance on the Inflation Reduction Act (IRA) and its impact on electric vehicle supply chains taking center stage. Meanwhile, the alliance between Elon Musk and th...
    Faraday Future shifts to in-house manufacturing of seats for FF 91 2.0
    Faraday Future (FF) will insource the manufacturing of seats for its FF 91 2.0 model. This move is part of the US-based electric vehicle company's broader initiative to enhance operational efficiency and optimize its global supplier network, including the establishment of a supplier base for the Faraday X brand. The FF 91 2.0 is noted for its advanced and comfortable rear seats, specifically its "Zero Gravity" seats that provide exceptional support and comfort, catering to both relaxation and...
    Posco Future M secures lithium hydroxide for EV battery production
    Posco Future M has reached an agreement to purchase lithium hydroxide from Posco Pilbara Lithium Solution, a company within its corporate group. This agreement aims to circumvent issues related to the US Foreign Entity of Concern (FEOC) restrictions by sourcing 20,000 metric tons of lithium hydroxide, sufficient to produce cathode materials for about 460,000 electric vehicles. Cathode materials are crucial for the manufacturing of lithium-ion batteries, which are predominantly used in EVs. Th...
    Hydrexia and Toyota Motor Philippines enter hydrogen technology partnership
    Hydrexia Sdn. Bhd., under the umbrella of Hydrexia Holding Ltd., and Toyota Motor Philippines (TMP) have entered into a commercial agreement under which Hydrexia has supplied TMP with a containerized mobile hydrogen refueling station (HRS) designed for refueling hydrogen internal combustion engine (ICE) vehicles (HICEV), including the Toyota Corolla Cross H2 Concept. This vehicle was a highlight at the Toyota "Beyond Zero" event during the Philippine International Motor Show (PIMS) in October...
    Rivian secures conditional $6.6 billion loan from US Energy Department
    Electric-car company Rivian Automotive has received conditional commitment from the US Energy Department's (DOE) Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for a loan up to $6.6 billion, including $6 billion of principal and $600 million of capitalized interest. This funding aims to propel Rivian's growth in electric vehicle design, development and manufacturing within the US. The intended loan would facilitate the construction of Rivian's new facility in Stanton Springs No...
    Samsung SDI to supply batteries for two more Audi models
    Samsung SDI is set to supply its lithium-ion (Li-ion) batteries for two Audi electric vehicle models, the e-tron 50 quattro and the Sportback 50 quattro. This move will increase the number of Audi EV models equipped with Samsung SDI batteries to nine out of 14 models sold domestically, the most among battery suppliers. The upcoming Audi Q6 e-tron, a midsized electric sport utility vehicle, is also set to be powered by Samsung SDI batteries, alongside those from China's CATL, the world's large...
    MAHLE secures key contract for MAN Truck & Bus hydrogen engine components
    MAHLE, an automotive supplier based in Stuttgart, Germany, has been awarded a significant contract by the commercial vehicle manufacturer MAN Truck & Bus to provide components for the hydrogen engine of the MAN hTGX truck, which recently won the Truck Innovation Award 2025. MAHLE will supply the hydrogen power cell unit including piston, piston rings, piston pin and cylinder liner for this engine, along with additional components for the valve train.  The order encompasses ...
    Kongsberg Automotive secures major contract for fluid transfer assemblies
    Kongsberg Automotive (KA) has announced the extension of a sizable contract for fluid transfer assemblies, exceeding €21.5 million in estimated lifetime revenue. This contract, set to commence in January 2025, will span a period of six years. The contract has been awarded by a leading global original equipment manufacturer based in Europe, continuing a long-standing relationship between the two entities. These assemblies, integral to various applications such as coolant, fuel...
    Ceer partners with Rimac Technology for electric drive systems
    Ceer, a Saudi Arabia-based electric vehicle joint venture between the Public Investment Fund (PIF) and Hon Hai Precision Industry Co. (Foxconn), has forged a partnership with Rimac Technology to acquire high-performance, fully integrated electric drive systems (EDS) for its forthcoming flagship EV range. This collaboration marks Ceer as the first entity in the Gulf Cooperation Council (GCC) to engage with Rimac Technology, aiming to equip its flagship vehicles with advanced EDS. James DeLuca,...
    Novonix to supply synthetic graphite to Stellantis under a six-year agreement
    Novonix Ltd., an Australia-based battery materials and technology company, has entered into a binding offtake agreement with Stellantis to supply a minimum of 86,250 metric tons and up to 115,000 metric tons of high-performance synthetic graphite material. This agreement spans over six years, starting from 2026, and involves supplying material to Stellantis' cell manufacturing partners in North America from Novonix's Riverside, Tennessee, facility and a future expansion site. Chris ...
    Stellantis sues Brose North America over price rise dispute
    Stellantis has filed a lawsuit against Brose North America, the US subsidiary of Germany-based supplier Brose, accusing the supplier of holding the automaker’s operations “hostage” and costing it more than $3 million in damages after shutting down Windsor Assembly Plant in Canada, Automotive News reported Oct. 29. The lawsuit was filed in Oakland County, Michigan, where both companies have their North American headquarters. Brose is at least the fifth supplier sued by Stellantis over su...
    EuroNCAP releases assisted highway driving gradings for five popular car models
    As assisted driving features become more prevalent, the European New Car Assessment Program (EuroNCAP) has rigorously tested five new vehicles under its updated protocols, revealing significant differences in manufacturers' approaches to this technology, according to a press release on Oct. 23. EuroNCAP's evaluation, which began in 2020, focuses on two key areas: Assistance Competence, which assesses the balance between vehicle assistance and driver engagement, and Safety Backup, which examin...
    Thyssenkrupp and Volkswagen commit to low-carbon steel supply
    At the International Suppliers Fair (IZB) in Wolfsburg, Germany, thyssenkrupp Steel and Volkswagen Group signed a memorandum of understanding (MOU) regarding the future supply of low-carbon steel, produced at thyssenkrupp Steel's direct reduction plant set to be operational by 2027. This plant will utilize hydrogen and green electricity, enabling a substantial reduction in carbon footprint compared to conventional steel production methods. Initially, natural gas will be used as a reducing age...
    Indonesia to export nickel-based EV battery material to the US
    Indonesia is set to begin exporting battery material for nickel-based electric vehicles to the US in the upcoming month, as announced by the country's Energy Minister Bahlil Lahadalia. This move marks a significant step in Indonesia's efforts to engage with international markets in the EV sector. The material, known as EV battery precursors, will be supplied to Tesla. Although the exact volume of the export was not disclosed, Lahadalia highlighted that the shipment would originate from Weda B...
    LG Energy batteries to power Ford commercial vans in Europe
    South Korean battery-maker LG Energy Solution (LGES) has signed multiple supply agreements with Ford Motor Co. to supply batteries for Ford’s commercial vans in Europe, LGES announced Oct. 15. Under the contracts, LGES is expected to supply a total of 109 GWh of batteries to Ford for its electric commercial vans, starting in 2026, with contract duration ranging from four to six years, the company said. The two companies have also agreed that batteries for the current Ford Mustang Mach-E ...
    LG Energy Solution secures deal to supply EV batteries to Mercedes-Benz affiliate
    LG Energy Solution (LGES) announced a significant deal to supply electric vehicle batteries to a North American Mercedes-Benz affiliate, along with other regions. This deal, which spans from 2028 to 2038, entails the supply of 50.5 GWh in batteries. The financial details of this contract were not disclosed, nor was the specific Mercedes-Benz affiliate involved in the deal identified. LGES, a key player in the EV battery market with clients such as Tesla, General Motors and Hyundai Motor, a...
    Forvia to equip Renault Master H2-Tech with advanced hydrogen storage
    Forvia is set to provide the new Renault MASTER H2-Tech with an advanced hydrogen storage system, equipped with up to five second-generation composite carbon-fiber tanks. The tanks are capable of storing up to 9 kilograms (kg) of hydrogen. This innovative system, highlighted for its affordability and sustainability, leverages enhanced manufacturing processes and reduced material usage to offer a more cost-effective solution. Yves Dumoulin, senior vice president of Hydrogen Solutions at F...
    SK Battery America gears up for EV battery production for Hyundai
    SK Battery America (SKBA), a US subsidiary of SK On, is poised to start mass-producing electric vehicle batteries for Hyundai Motor from October at its Georgia, US, plant. This development represents a pivotal change for SKBA, whose production was previously focused on providing batteries to Ford. During a second-quarter conference call, SK On emphasized the growing importance of US production for original equipment manufacturers, spurred by substantial subsidies and related incentives. ...
    Amprius secures contracts worth over $20 million for low-emission vehicle battery cells
    Amprius Technologies Inc., based in Fremont, Calif., has announced securing two contracts worth over $20 million to supply 40-ampere-hour (Ah) high-performance cells for light electric vehicle (LEV) applications. The shipments are expected to commence in 2024, and full revenue recognition is anticipated by mid-2025. These contracts underscore Amprius' efficiency in advancing customers through the commercial validation phase, securing volume purchase agreements and committing to large-scale ce...
    BorgWarner to supply advanced turbochargers for GM's Chevrolet Corvette ZR1
    In a press release dated Sept. 23, BorgWarner announced that it will supply its twin ball bearing turbochargers to General Motors to be installed in the Chevrolet Corvette ZR1. The new turbocharger is the largest Twin Turbochargers to feature in a passenger car. Paired with the automaker's 5.5-liter flat plane crankshaft V8 engine, this Corvette is capable of 1,064hp and 828 pound-feet of torque.  According to BorgWarner, the automaker selected BorgWarner's twin ball bearing tu...
    Amprius signs LOI with a Fortune 500 company for its silicon anode battery technology
    Amprius Technologies, Inc., a company recognized for its innovative work in the development of next-generation lithium-ion batteries with a silicon anode platform, recently announced the signing of a non-binding letter of intent (LOI) with a Fortune Global 500 technology original equipment manufacturer that specializes in light electric vehicles (LEVs). This LOI is a preliminary step toward a commercial supply agreement anticipated to span the next five years and emphasizes the cooperative inten...
    Kongsberg Automotive secures lucrative contract extension for Raufoss ABC™ System
    Kongsberg Automotive (KA), based in Kongsberg, announced on Aug. 29, 2024, that it has successfully secured a contract extension worth more than €13.5 million in estimated lifetime revenue. This extension is for the KA Raufoss ABC™ System's air couplings, covering a three-year period starting in January 2025. The contract was awarded by a leading global brake manufacturer located in Europe, aiming to distribute the product to original equipment manufacturers of trucks, buses and trailers....
    Tata Motors to source EV battery packs from China's Octillion
    Indian automaker Tata Motors is set to source battery packs for its electric vehicles from Chinese manufacturer Octillion Power Systems, according to a report by Live Mint, citing sources. This marks a shift from Tata Motors' current battery supplier, Tata AutoComp Systems. Tata Motors, a leading player in the Indian electric car market, offers a range of EVs including the Tiago, Punch, Nexon and the newly introduced Curvv.ev. The company also plans to launch an EV version of the Harrier, w...
    Rheinmetall wins major contract for exhaust gas recirculation valves
    Rheinmetall, a technology group, has secured a significant contract to produce exhaust gas recirculation (EGR) valves for a prestigious car manufacturer starting from January 2026 through December 2031. This six-year contract, confirmed in June, is valued at a low three-digit million euro sum. The agreement also encompasses a 15-year supply of spare parts following the end of valve production, ensuring Rheinmetall's production capacities are fully utilized until 2031. As a tier 1 supplier,...
    Neta Auto unveils Neta S shooting brake EV with CATL CIIC skateboard chassis
    The Neta S shooting brake battery-electric vehicle (BEV), the new electric vehicle model from Neta Auto, is the first EV to utilize the CATL Integrated Intelligent Chassis (CIIC) skateboard chassis, marking a significant advancement in the EV sector, according to a press release dated Aug. 23. Built on the innovative skateboard chassis, the 800-V version of the Neta S shooting brake BEV will enter mass production, showcasing a high degree of integration by incorporating the powertrain, braking s...
    Ideal Power partners with third automaker for its solid-state contactors
    Ideal Power, based in Austin, Texas, announced its collaboration with a third unnamed global automaker on Aug. 7. The partnership focuses on evaluating Ideal Power's B-TRAN bidirectional semiconductor power switch for potential use in electric vehicle contactors, which would be a new application for the company. This collaboration marks Ideal Power's ongoing engagement with leading global automakers, including previously announced engagements with Stellantis and another top-10 global aut...
    ArcelorMittal acquires major stake in French tubular solution provider Vallourec
    ArcelorMittal has acquired a 28.4% equity stake in Vallourec, a France-based tubular solutions provider for several markets, including automotive. The world’s leading steel manufacturer purchased 65,243,206 shares of Vallourec, for €14.64 per share from funds managed by Apollo Global Management Inc., for a total consideration of approximately €955 million. ArcelorMittal and Vallourec signed a share purchase agreement to acquire shares owned by Apollo in March 2024. Following the acquisi...
    Webasto expands roof sensor module offerings to robot taxis and trucks
    Webasto is expanding its roof sensor module (RSM) portfolio to robot taxis and autonomous trucks, the Germany-based supplier said in a press release. The company developed RSM, which houses various sensor technologies including cameras, radar and Lidar, mainly for passenger vehicles to enable automated driving. Webasto has secured a significant project to supply its RSM to a robot taxi manufacturer in the US. “The next big step in this field of development will be autonomous truck...
    PPG and Stellantis advance sustainability with innovative sealer
    PPG Industries, based in Pittsburgh, announced significant energy savings and emission reductions achieved with the use of its PPG CORASEAL 4-Wet Sealer in the production of Stellantis' light commercial vehicles (LCVs). The sealer's innovative one-step curing process stands in contrast to the up-to-three steps required by traditional technologies, thus providing notable sustainability benefits for automotive original equipment manufacturer paint shops by reducing energy consumption and CO2 ...
    Chevrolet Corvette ZR1 to feature Carbon Revolution's carbon-fiber wheels
    In a press release dated July 26, Carbon Revolution announced that it is supplying carbon-fiber wheels to be equipped with the Chevrolet Corvette ZR1, the third Corvette model supplied by Carbon Revolution. The announcement was made by Carbon Revolution, highlighting the continuation of its collaboration with General Motors (GM). Carbon Revolution CEO Jake Dingle expressed pride in working with GM again and emphasized the significant engineering and manufacturing expertise...
    BorgWarner secures largest eFan contract in North America
    BorgWarner, known for its innovative and sustainable mobility solutions, has recently secured its largest eFan business contract in North America. This contract involves providing a high-voltage eFan system for a series of heavy- and medium-duty battery-electric vehicles (BEVs) by a major global original equipment manufacturer in North America, with production set to begin in the fourth quarter of 2027. The eFan system, which includes a fan, e-motor and integrated high-voltage inverter, ...
    BorgWarner secures contracts for EGR coolers with North American commercial vehicle customer
    BorgWarner, known for its innovative and sustainable mobility solutions, has recently expanded its thermal management product business by securing contracts for exhaust gas recirculation (EGR) coolers with a notable commercial vehicle customer based in North America. Production of these EGR coolers is scheduled to begin in the fourth quarter of 2027, with plans to incorporate them across various commercial vehicle applications. BorgWarner will provide two variations of its EGR cooler, fe...
    Farasis Energy's advanced battery technology equipped in second-gen Aion V
    In a press release dated July 30, Farasis Energy announced that it has supplied its Super Pouch Solution (SPS) technology, previously integrated into Geely Radar's Horizon all-electric 4WD pickup, for the second-generation Aion V, a sport utility vehicle (SUV) launched by GAC Aion, the electric vehicle subsidiary of GAC Group. The second-gen Aion V, launched in July as the company's first global strategic model, features an advancement from Farasis Energy's SPS lithium iron phosphate (LFP) batte...
    Aisin and BMW Group forge partnership for e-axles production
    Aisin Corp. has entered into a strategic partnership with the BMW Group, where they will collaborate on the production of build-to-print e-axles, based on a design provided by BMW. This partnership is predicated on the long-standing relationship between Aisin and BMW, through which Aisin has previously supplied the car manufacturer with key components such as automatic transmissions and variable valve timings (VVTs). This new step in their collaboration will see Aisin producing e-axles i...
    BorgWarner wins order for electric cross differential technology from three OEMs
    BorgWarner has announced contracts with three major original equipment manufacturers, including GAC Motor, a global East Asian OEM and a global OEM based in Europe, to supply its electric cross differential (eXD) technology, aimed at enhancing vehicle traction, handling and stability for a variety of battery-electric vehicle (BEV) applications such as sports cars, premium sedans and hatchbacks. Production for GAC Motor has already commenced, with production for the other OEMs set ...
    US to fund Amkor up to $400 million for chip-packaging plant
    The US Commerce Department announced its intention to allocate up to $400 million in government grants to Amkor Technology for the development of a $2 billion advanced semiconductor packaging facility in Arizona, US, Reuters reported July 26. This facility is poised to be the largest of its kind in the US, dedicated to packaging and testing millions of chips for use in autonomous vehicles, 5G/6G technology, and data centers. Apple has been identified as the primary and most significant clie...
    SK On nears battery supply deal with Geely for EVs
    SK On, a prominent battery manufacturer, is in the final stages of discussions with China's Geely Automobile to supply electric vehicle batteries, highlighting a growing collaboration aimed at boosting their presence in the eco-friendly mobility sector. The potential battery supply contract with Geely Automobile, discussed during the executives' visit to SK On's plant, is a strategic move for Geely as it aims to enter the South Korean premium EV market by early 2026. Geely Automobile exe...
    Serbia targets European carmakers for lithium supply
    Serbia is planning to offer Mercedes-Benz, Volkswagen and Stellantis the chance to buy lithium for car batteries, signaling a strategic move to prefer European automakers over Chinese ones, according to statements made by President Aleksandar Vucic. In an effort to strengthen ties with the EU, Vucic discussed the nation's intentions with the German daily, Handelsblatt. He highlighted that the EU's need for lithium is a driving force behind Serbia's decision. This announcement comes ahead...
    Rheinmetall secures €20 million orders for hybrid drive exhaust technology
    In a press release dated June 19, Rheinmetall announced that its subsidiary Pierburg China has secured two significant orders worth a total of approximately €20 million for exhaust technology that will be employed in hybrid vehicles. The first order, valued at about €10 million and running for a term of five years, comes from a renowned Chinese supplier of carbon canisters. It involves the production of fuel tank shut-off valves (FTIV) crucial for controlling fuel vapors and maintaining t...
    Westwater secures offtake agreement with Fiat Chrysler for EV materials
    Westwater Resources Inc., based in Centennial, Colo., announced that it has entered into a binding offtake agreement with Fiat Chrysler Automobiles (FCA), a part of the Stellantis group and a manufacturer of electric vehicles. This agreement, alongside a previously announced agreement with SK On, ensures that Westwater has now secured offtake agreements for the entirety of its Kellyton Phase 1 capacity. Under the terms of the agreement with FCA, Westwater will supply natural graphite anode ma...
    Yokohama Rubber to supply tires for Lexus' new GX 550 SUVs
    In a press release on July 10, The Yokohama Rubber Co. Ltd., based in Hiratsuka, Japan, recently announced its role in supplying GEOLANDAR X-CV tires as an optional original equipment (OE) for Lexus' new luxury on-road sport utility vehicle (SUV), the GX 550. The tires, which come in sizes 265/55R20 113V for the North American market and 265/55R20 109V for the Japanese market, were designed to cater to the vehicle's launch in North America in April 2024 and its upcoming general sales debut in Ja...
    Kontron AG launches smart EV charging project with German car manufacturer
    In a press release dated July 3, Kontron AG, recognized for its IoT technology solutions, has announced that it has won a major new order for intelligent charging systems for electric cars from a leading German automobile manufacturer. The project, valued at €120 million, is slated to commence series production in the third quarter of 2024 and extend through 2028. This endeavor focuses on catering to the European and Chinese markets with a novel generation of intelligent, interconnected cha...
    Rheinmetall secures major e-mobility contract with global carmaker
    Rheinmetall, a prominent technology group, has secured a significant contract to supply several million electric coolant pumps to a renowned international car manufacturer. The contract is valued in the low three-digit million euro range and involves the production of pumps to be utilized in the manufacturer's hybrid vehicles. Production has started already and is slated to continue through 2030, with a service agreement extending even further to 2045. This order marks a vital step for Rheinm...
    Huaxiang Electronic agrees to acquire IAC Group's business in mainland China
    Huaxiang Electronic has reached an agreement to acquire International Automotive Components Group’s (IAC) operations in mainland China for 600 million Chinese yuan ($82.6 million), Yicai Global reported June 26. The acquisition will significantly expand Hauxiang's presence in its domestic market. The deal involves IAC’s six subsidiaries in mainland China, including buying full stakes in Automotive Components Technology, IAC Automotive Components, IAC Shanghai Management as well as IAC Aut...
    Sila secures $375M in Series G for next-gen battery technology
    Sila, a company specializing in next-generation battery materials, has successfully closed its Series-G funding round, raising $375 million. The round was led by Sutter Hill Ventures and T. Rowe Price Associates Inc., with additional investments from new and existing investors including Bessemer Venture Partners, Coatue and Perry Creek Capital, among others. This financial milestone is set to support the completion of Sila's Moses Lake, Wash., plant by the first quarter of 2025, facilita...
    Punch Powertrain secures major order for new continuously variable transmission project
    In a press release dated June 25, Punch Powertrain announced that it has won a major order for its VT3 continuously variable transmission (CVT) from a leading mainland Chinese automaker. The annual demand forecast is for over 100,000 transmissions, and the start of production is scheduled for 2025. The VT3 transmission has proven to be a successful, robust and cost-efficient CVT, which can be quickly deployed thanks to its design flexibility. The tried-and-tested VT3 transmission contrib...
    Mitsui Chemicals and ARRK debut advanced materials in Toyota Hyper-F Concept
    Mitsui Chemicals and its subsidiary ARRK Corp. have announced their materials' incorporation into a high-performance concept car based on the Toyota Fortuner. This collaboration involves TAFNEX CF PP, a unidirectional carbon fiber-reinforced polypropylene resin sheet developed by Mitsui Chemicals, and direct pellet-fed 3D-printed components co-developed by Mitsui Chemicals and ARRK. These materials are utilized in the Toyota Hyper-F Concept, which was designed by TCD Asia Co. Ltd., ...
    Hyundai Transys secures contract with Saudi EV maker Ceer
    Hyundai Transys has secured a milestone agreement to supply its innovative integrated electric vehicle drive system (EDS) to Ceer, a Saudi Arabian EV manufacturer backed by the Kingdom's sovereign wealth fund, the Public Investment Fund (PIF). The contract, valued at 3 trillion won (about $2.1 billion), was formalized at Hyundai Transys' headquarters. The company's integrated EDS, pioneering in the EV market, merges a motor, inverter and reduction gear into a single unit. This integration not...
    Tesla extends lithium supply contract with Yahua
    Yahua, a Sichuan-based company primarily known for manufacturing and selling industrial explosives, has secured its position in the electric vehicle battery sector by extending its contract with Tesla for the supply of lithium hydroxide. The initial contract between Yahua and Tesla, which was set from 2021 to 2025, involved the supply of 63,000 to 88,000 tonnes of lithium hydroxide, amounting to a total value of $880 million. This contract was later extended in August of the previous year for...
    SoundHound AI acquires Allset to enhance voice commerce
    SoundHound AI has announced acquisition of significant assets from Allset, an online food ordering platform known for connecting restaurants with local customers, the US-based specialist in voice artificial intelligence said in a press release June 20. The acquisition will enable consumers to use advanced voice AI to order food from their vehicles, phones and smart devices. With this acquisition, Allset's team joins SoundHound, enhancing the company's innovation capacity and voice AI capabili...
    Kongsberg Automotive secures €55 million contract for dog-clutch actuator
    Kongsberg Automotive (KA) has secured a new contract valued at over €55 million for its dog-clutch actuator (DCA) from a mainland China-based automaker in the electric commercial vehicle market. The DCA, which is a KA invention, is tailored for gear-shifting and decoupling activities for multispeed transmissions. This five-year contract will commence production in 2025, with KA's Wuxi, mainland China, plants responsible for producing and supplying the product. KA's DCA is compatible wi...
    Group14 signs multiyear deal for silicon battery materials with three EV cell manufacturers
    Group14 Technologies Inc., a major manufacturer and supplier of advanced silicon battery materials, has signed five multiyear binding offtake agreements that represent over $300 million in contract value, according to a press release dated June 4. Without disclosing the names, Group14 said that the agreements have been made with three leading electric vehicle and two consumer electronic (CE) cell manufacturers across Europe, Asia and North America. These contracts will enable Group1...
    Geely plans localized supply chain to tackle Malaysia's high auto component costs
    Geely Holding Group, the owner of multiple car brands including Lynk & Co., Zeekr and Polestar, plans to establish a localized supply chain in Malaysia to deal with the high costs of automotive components in the country, Yicai Global reported, citing Geely Founder and Chairman Li Shufu.  Proton, a Malaysian car brand partly owned by Geely, has about 30% higher supply chain costs than brands in mainland China and 10% higher than those in Thailand, Shufu recently disclosed in...
    Hexagon Purus to supply components for heavy-duty hydrogen mobility to Toyota Motors North America
    In a press release dated May 22, Hexagon Purus announced that it will supply components to Toyota North America (TMNA) for serial production of its heavy-duty fuel-cell electric powertrain kits. The components include a full hydrogen storage system and a high-voltage battery pack. Toyota Motor Manufacturing Kentucky (TMMK) assembles integrated dual fuel-cell modules for use in hydrogen-powered heavy-duty commercial trucks. The fuel-cell kit, including the battery and hydrogen storage systems ...
    Cupra incorporates Bcomp’s natural fiber in new EV bucket seats
    Cupra, the Spanish automaker, has announced the incorporation of Bcomp's innovative natural fiber composite solutions in the new CUP Bucket seats for the Cupra Born VZ electric vehicle. The car's interior design has been conceived through a collaboration with Bcomp and Sabelt, known for their high-performance automotive seats. According to BComp, the all-natural fiber seatbacks, which replace the previously used carbon and glass fibers, significantly reduce emissions. Specifically, the use of...
    Rheinmetall wins major order for high pressure EGR and exhaust backpressure valves
    Rheinmetall, the technology group, has secured an order for high-pressure exhaust gas recirculation and exhaust backpressure valves from an existing commercial vehicles sector client, the company announced in a press release May 22. The order has a total value in the lower three-digit-million-euro range. Rheinmetall said that the order is from an automaker which has been a customer for over a decade, without disclosing the name. Production for this order is set to commence in January 2027 and...
    Kobe Steel to incorporate green aluminum in Nissan's vehicles
    In a press release dated May 21, Kobe Steel announced that it will use green aluminum into its aluminum extrusion and suspension products for Nissan Motor. These products will be used in Nissan's mass-manufactured vehicles destined for the Japanese and North American markets, starting in fiscal year 2024. The company is also considering the use of these materials in vehicles produced for the European market. Some of the car components to be made from green aluminum are bumper reinforcements, ...
    Panasonic to supply batteries for new heavy-duty truck brand Tern
    Panasonic Energy has announced it will supply its lithium-ion batteries for the new heavy-duty truck model, the RC8, under the recently launched brand Tern, in its first foray into the commercial vehicle sector. The Tern truck brand was launched by Hexagon Purus ASA, a manufacturer of zero-emission mobility, and Hino Trucks. The truck was unveiled at the ongoing Advanced Clean Transportation Expo in Las Vegas. Panasonic Energy will begin manufacturing batteries for Hexagon Purus’ Tern ...
    Lamborghini Revuelto introduces Sonus Faber premium sound system
    The luxurious Italian brand Sonus Faber has designed an exclusive sound system for the new Lamborghini Revuelto. The system features seven speakers in total, an exclusive phase plug and a natural fiber composite material developed for the vehicle. To enhance the in-car experience, the system utilizes a new Full Class D amplifier in combination with a powerful digital signal processor (DSP), delivering smooth transitions between electrical signals and acoustical tones. The amplifier can power the...
    Kongsberg Automotive secures €13 million contract for supply of battery coolant pipes
    Kongsberg Automotive (KA) has secured a €13 million contract from an undisclosed vehicle manufacturer to supply battery coolant pipes, the company announced on May 16. The said battery coolant pipes will be used in the new generation battery packs used in electric trucks, the company said. The manifold, which distributes coolant within the battery clusters in the battery cells, is connected to the truck’s chassis cooling system and adheres to the IP67 standards, which ensure water and dus...
    Alfa Romeo selects Alcantara for interior of Junior SUV
    Alcantara has announced that Alfa Romeo has chosen its premium “Made-in-Italy” material for the interior of its new SUV, the Junior 2024, according to a press release dated April 30. The SUV’s sporty look is enhanced by the combination of black Alcantara for the center of the seats with a round-shaped open work on a red backing and stitching. The interior of the new Junior features high quality upholstery with a sporty feel with a distinctively Italian quality. The Junior was introduced...
    CATL, Beijing Hyundai sign strategic agreement for supply of EV batteries in mainland China
    CATL, the world’s largest battery maker, and Beijing Hyundai have signed a strategic partnership agreement on the supply of EV batteries, CATL announced April 25. The agreement was signed on the sidelines of the Beijing Auto Show 2024. Under the agreement, CATL will supply batteries for Beijing Hyundai's EV projects. As a joint venture with a deep presence in China for 21 years, Beijing Hyundai has sold over 12 million vehicles in mainland China. Notably, the automaker has been partnerin...
    Ineos Styrolution's Luran S SPF60 material chosen for blackening panel
    Ineos Styrolution has announced that its high-performance Luran S SPF60 material has been selected by a leading European automotive brand for use in the blackening panel of its trucks, it said in a press release dated April 17. Luran S SPF60 has a superior surface quality, is weather resistant and can maintain its deep blackened appearance over time. Ineos Styrolution has a long-standing relationship with the automotive company and its application supplier, and the two companies have previous...
    Sheeva.AI unveils in-vehicle services marketplace for Citroën vehicles in India
    Sheeva.AI has introduced its innovative in-vehicle payment technology, SheevaConnect, as part of the product suite for the Citroën C3 Aircross sport utility vehicle (SUV) AT, Autocar reported April 16. It is a location-based platform for in-vehicle payments, offering secure, innovative and frictionless customer experiences. As drivers approach a SheevaConnect-enabled petrol station, the integration of Sheeva.AI technology allows users to complete transactions using their ...
    Yokohama Rubber supplies GEOLANDAR A/T G015 tires to Toyota’s Crown Crossover RS Landscape
    The Yokohama Rubber has announced that it will supply its GEOLANDAR A/T G015 tires as original equipment to Toyota Motor Corp. for the latter's new Crown Crossover RS Landscape special edition, as reported in a press release on April 16. The GEOLANDAR A/T G015 is an all-terrain tire designed for sport utility vehicles (SUVs), which offers excellent drivability and durability in off-road conditions, along with a comfortable and quiet ride on city streets. This marks an expansion of Yokoha...
    Mahle secures two new major orders for supplying thermal management modules
    German auto component supplier Mahle has secured two major orders for thermal management modules to be used in electric vehicles, with a total order volume of about €1.5 billion across both the projects, the company announced April 12. Without disclosing the names of both customers, Mahle said that while one order has come from an established global vehicle manufacturer, the second order is secured from an upcoming, innovative Asian carmaker. According to Mahle, the first order marks the...
    Kongsberg Automotive wins €105 million contract for fluid-transfer assemblies in heavy-duty trucks
    Kongsberg Automotive (KA) has won a contract worth over €105 million in estimated lifetime revenue for metal and plastic fluid-transfer assemblies used in heavy-duty truck engines. The five-year contract was awarded by a Europe-based global original equipment manufacturer and will be engineered according to the customer's requirements, and manufactured and supplied by KA's plants in Epila, Spain; Brzesc Kujawski, Poland; and Ramos Arizpe, Mexico. Production is set to begin in 2026...
    Rimac Technology to provide high-voltage battery units to BMW Group
    Rimac Technology has partnered with BMW Group, under which Rimac will supply high-voltage battery units for BMW Group’s product range, it said in a press release dated April 9. This partnership represents the largest and most ambitious project for Rimac Technology to date. To accommodate the project, a significant portion of the Rimac Campus near Zagreb, Croatia will be dedicated to the development of sophisticated automated production lines for batteries. The companies will ...
    Xiaomi unveils SU7 EV equipped with Hesai Lidar
    In a press release on April 2, Xiaomi has launched its first mass-produced electric vehicle, the Xiaomi SU7, equipped with Hesai's Lidar, in Beijing. The all-new high-performance sedan represents Xiaomi's entry into the EV market and showcases its capabilities in car manufacturing. The SU7 features Hesai's high-performance AT128 long-range Lidar. With over 88,898 reservations within the first day of its release, the SU7 is set to start deliveries in April and May for the Pro and Max version...
    Panasonic Energy to supply cylindrical lithium-ion batteries to Subaru Corp.
    Subaru Corp. and Panasonic Energy Co. Ltd. have signed a cooperative agreement where Panasonic will supply the carmaker with cylindrical automotive lithium-ion (Li-ion) batteries, Panasonic announced March 19. The final agreement follows months-long negotiations between the two companies, which first began discussion on supply of Li-ion batteries in July 2023. The discussions focused on building a medium-to-long term partnership to serve the growing market for battery-electric vehicles (...
    Mazda Motor, Panasonic Energy sign agreement on supply of cylindrical lithium-ion batteries
    Mazda Motor Corp. and Panasonic Energy Co. Ltd. have signed a strategic agreement where Mazda will source cylindrical automotive lithium-ion (Li-ion) batteries from Panasonic, the two companies said in a joint announcement on March 29. The two companies had begun discussions aimed at building a medium-to-long term partnership for the supply of cylindrical automotive Li-ion batteries in June 2023. Those discussions have now resulted in the signing of this agreement, the two companies said...
    Yokohama Rubber supplies Advan Sport V105 tires to Subaru’s new Impreza
    In a press release on April 1,  Yokohama Rubber announced that it has begun delivering Advan Sport V105 tires to Subaru Corp. for use as original equipment (OE) on the automaker's new Impreza cars to be sold in Europe and Latin America. The new Impreza models will feature these high-performance tires (size 22540R1892W). The Advan Sport V105 tires being supplied as OE on the new Impreza have a specially tuned structure that enhances handling stability and ride comfort while reducing ...
    Hyundai’s Ioniq 5 N gets bespoke Pirelli P Zero tires
    As reported in a press release on March 27, Pirelli has developed a specially adapted version of its P Zero tire for Hyundai’s Ioniq 5 N, the automaker’s first high-performance electric car. In a two-year collaboration with Hyundai, the tire was developed using virtual simulation tools and then tested on the Nürburgring circuit. The bespoke P Zero tire features Pirelli’s Elect technology, specially engineered for electric cars and plug-in hybrids. The P Zero Elect, according to Pi...
    Panasonic's full-display meters debut in Mazda's CX-70 model
    Panasonic Automotive Systems has announced that its full-display meters are installed in Mazda Motor Corp.'s new CX-70 model, in a press release dated March 28. The CX-70 is the third Mazda passenger vehicle to feature Panasonic's full-display meters, which use a large 12.3-inch display to show the driver various vehicle conditions such as speed and warnings. The graphics on the display change according to the vehicle's conditions, providing timely and appropriate information to help drivers ...
    Yokohama Rubber to supply Advan Sport V107 tires for new Mercedes-AMG CLE 53 coupe
    In a press release on March 29, Yokohama Rubber announced that it will supply its Advan Sport V107 tires as original equipment (OE) for the new Mercedes-AMG CLE 534MATIC+ coupe. The coupe will be fitted with 26540ZR19 (102Y) front tires and 29535ZR19 (104Y) rear tires. The Advan Sport V107 is an ultrahigh-performance tire developed jointly with Mercedes-AMG and is part of Yokohama Rubber's global flagship Advan brand. The tire has undergone testing at Yokohama Rubber's test center at the Nür...
    Seoul Semiconductor supplies Wicop to front headlamps of 2024 Genesis GV80
    In a press release on March 28, Seoul Semiconductor announced that it is supplying and mass-producing its  Wicop technology to Hyundai Motor Group for the headlamps of its sport utility vehicle (SUV) model, the Genesis GV80. The company claims that the Wicop is the world's first high-power LED without wire, and Seoul Semiconductor has applied its new technology, Ultra-High Luminance Wicop UHL, to the high and low beams of the GV80, symbolizing Genesis vehicles. This technology has improv...
    Pioneer's Premium Sound System to debut in upcoming Lexus GX SUVs in Japan
    Pioneer Corp. has announced that its Premium Sound System will be factory-installed in the upcoming Lexus GX sport utility vehicles (SUVs) in Japan, scheduled for launch in 2024, in a press release dated March 25. The company has also received a Special Chief Engineer (CE) Award from Toyota Motor Corp. for designing and developing a technologically advanced premium sound system for the Lexus GX, which enhances its value propositions. The Premium Sound System designed for the Lexus GX is ...
    Lexus NX Overtrail features Dunlop Grandtrek AT5 as standard
    As reported in a press release on March 15, the Dunlop Grandtrek AT5 tire has been selected as factory standard for the Lexus NX Overtrail, which launched in February. The development of this luxury sport utility vehicle (SUV) is part of the Lexus Overtrail Project, which aims to foster a carbon-neutral society and cater to diverse outdoor lifestyles, with the interior and exterior of the Overtrail designed with off-road capability, stability and comfort in mind. The Dunlop Grandtrek AT5 t...
    Volvo Cars invests in battery-charging software startup Breathe Battery Technologies
    Volvo Cars’ corporate venture capital arm Volvo Cars Tech Fund has invested an undisclosed amount in a battery-charging software startup named Breathe Battery Technologies, the carmaker announced March 12. In parallel to its investment in Breathe Battery, Volvo Cars has also signed a sourcing agreement with the startup for its flagship product, Breathe Charge, the company said in a statement. Breathe Battery Technologies is a London-based startup that develops battery management software...
    Yokohama Rubber to supply Geolandar A/T G94 tires for Mitsubishi Motors’ new Triton
    The Yokohama Rubber Co. Ltd. has announced that it will supply its Geolandar A/T G94 tires as original equipment for Mitsubishi Motors' new Triton pickup truck, which was launched in Japan, according to a press release on March 12. The Triton will be fitted with 26560R18110H size tires and will be successively launched in approximately 100 countries worldwide. The Geolandar A/T G94 is an all-terrain tire designed for sport utility vehicles (SUVs) and pickup trucks that offers excell...
    EKPO supplies fuel-cell stacks to mainland China’s premium carmaker Hongqi
    EKPO Fuel Cell Technologies GmbH (EKPO) and China FAW Group (FAW) have signed a contract for the development and supply of fuel-cell stack module prototypes, EKPO announced on March 8. The fuel-cell stacks of the ‘NM12-Single’ platform will be used in a next-generation fuel-cell vehicle of FAW's premium brand Hongqi, it said, adding that the ‘NM12-Single’ stack module is suitable for applications in the passenger car and light commercial vehicle (LCV) segments. According to the com...
    Rheinmetall secures second order for electric oil pumps from major automaker
    Rheinmetall, a German technology group, has secured a new order from one of the world's largest automobile manufacturers to supply millions of electric oil pumps. The order, worth a figure in the lower-three-digit million-euro range, excluding value-added tax, will result in additional sales volume through supplementary services. This marks the second time Rheinmetall has received an order from the same manufacturer for electric oil pumps, demonstrating the company's quality products and experti...
    Smart Eye secures major order for automotive interior sensing AI technology
    Smart Eye, a leading developer of driver monitoring systems (DMS) for the automotive industry, has received a significant order from a major South Korean car manufacturer. The order includes both DMS and cabin monitoring systems, and the estimated revenue for the order is 175 million Swedish kronor (about $16.8 million) based on product life-cycle projections, according to a press release on Feb. 29. This marks the first time Smart Eye will deliver its technology to a major vehicle manufactur...
    Harman Kardon supplies new Renault Scenic E-Tech electric with premium sound system
    Harman announced that French carmaker Renault has launched its all new Scenic E-Tech electric vehicle equipped with a Harman Kardon premium sound system, according to a press release dated March 5. The premium sound system features an upgraded setup of nine high-performance speakers, including single-voice coil woofers in the front doors for a better performance in upper mid-range frequencies and an External Coupled Subwoofer (ECS) that reduces weight and volume of the subwoofer enclosure and...
    Technotrans to supply cooling solutions for fast-charging stations to ADS-TEC Energy
    Technotrans SE has received a follow-up order in the high single-digit million euro range from ADS-TEC Energy to supply thermal management solutions for the latter’s electric vehicle charging stations, according to a news report published by EQS News on Feb. 19. The thermal management solution from Technotrans will be used in ADS-TEC Energy’s battery-buffered fast-charging station ChargePost, it said. The order, which has a term of one year, follows the first order from ADS-T...
    BorgWarner secures a contract to supply dual inverter from a Chinese automaker
    BorgWarner has secured a contract with a major Chinese vehicle manufacturer to supply its dual inverter with boost function, the Michigan, US-based global component supplier announced Feb. 8. It said that its dual inverter with boost function will be used in a series of its customer’s plug-in hybrid (PHEV) and range-extended (REEV) electric vehicle passenger car platforms. BorgWarner, however, did not disclose the name of its Chinese customer who has placed this order. The boost module i...
    BorgWarner extends contract to supply 400V high voltage coolant heaters to a major global OEM
    BorgWarner has extended its contract to supply 400V high voltage coolant heaters (HVCH) to a major global OEM, the Michigan-based supplier announced on February 8. It said that these 400V HVCH will be used on the undisclosed automaker’s battery-electric light-vehicle platforms, specifically SUV and passenger truck programs. The business win is one of three contracts secured with North American OEMs for BorgWarner’s HVCH, it said in its press note. According to BorgWarner, the robust 40...
    BorgWarner to supply electric motor components to mainland Chinese EV maker XPeng Motors
    BorgWarner announced on Feb. 8 that it has begun producing an eMotor rotor and stator to be supplied to mainland Chinese EV maker XPeng Motors. It said that these electric motor components will be used by XPeng on its X9 MPV as well as its next electric B-class sedan, with start of production planned for the third quarter of 2024. According to BorgWarner, the high-voltage hairpin (HVH) 220 eMotor offers high power and torque density, and higher efficiency at a competitive cost, as well as an ...
    General Motors, LG Chem sign $19 billion cathode material supply deal
    South Korean battery-materials company LG Chem has signed a 25 trillion won (about $19 billion) deal with US carmaker General Motors to supply the latter with battery cathode materials, LG Chem announced Feb. 7. The new long-term supply contract follows a comprehensive agreement between the two companies in July 2022. This supply contract strengthens the cooperation between the two companies and specifies a portion of the agreed volume, LG Chem said. With the new cathode material supply co...
    Magna bags a new contract to supply eDrive systems to a North American OEM
    Canadian auto-parts supplier Magna has bagged a new contract from a North America-based original equipment manufacturer to supply a specialized primary rear eDrive system for one of the company’s high-end niche vehicle platforms, Magna announced Feb. 6. The highly complex eDrive system, which is a variant of Magna’s 800V eDS Duo, delivers exceptional power and performance offered by only a few vehicles on the road today, the company said, adding that its all-new eDrive system boasts ...
    Evtec Aluminium secures $67M supply contract with JLR for new EV line
    Blackboxstocks has announced that its planned acquisition target, Evtec Aluminium, has executed a supply contract with JLR to supply parts for a new line of Jaguar Electric Vehicles, in a press release dated Feb. 1. The contract is expected to provide over $67 million in new sales to Evtec, excluding aftermarket and model life extensions. Evtec will be a single-source supplier for key components in the EV powertrain of the new line of EVs being introduced by Jaguar. The vehicles will have a ...
    Continental supplies tires for Mercedes-Benz E-Class
    Mercedes-Benz is relying on Continental's expertise for its new E-Class, equipping the vehicle with EcoContact 6 Q tires that offer exceptional energy efficiency, improved noise levels and a long service life, according to a press release on Jan. 31. Continental has developed the EcoContact 6 Q tire for various vehicle models, regardless of their drive type, by using a special rubber compound that reduces energy absorption and friction. The tire's improved tread provides better grip on dry an...
    Lotus Emeya to feature RoboSense M Platform sensors
    RoboSense, a provider of lidar and perception solutions, announced that Lotus has equipped its newly launched electric sedan Emeya with two RoboSense M Platform lidar sensors. It is the second Lotus vehicle to incorporate these sensors, following the Eletre, the original equipment manufacturer's electric sport utility vehicle (SUV). Lotus itself will use the sensors to advance the Emeya’s intelligent driving systems, according to a press release on Jan. 30. The compact, high-performance M P...
    Yokohama Rubber to supply Geolandar G91 tires to Subaru for new Forester
    The Yokohama Rubber Co. Ltd. has announced that it will supply its Geolandar G91 tires as original equipment (OE) to Subaru Corp. for the latter's new sport utility vehicle (SUV), the 2025 Forester (US model), according to a press release on Jan. 26. The Geolandar G91 tires are designed to provide fuel-efficiency, safety and comfortable performance, and have been developed using Yokohama Rubber's proprietary HAICoLab technology, which combines human inspiration and creativity with AI's massiv...
    Posco International secures a large order to supply motor cores from Hyundai
    Posco International has secured an order to supply 1.03 million units of drive motor cores to the South Korean carmaker Hyundai Motor, according to a news report published by Business Korea on Jan. 19. The report mentioned that these motor cores will be used in the electric vehicles that Hyundai and Kia plan to produce locally in Europe from 2025 to 2034. The drive motor cores will be supplied through Hyundai Mobis’ factory in Slovakia, with 550,000 units allocated to Hyundai’s vehicle...
    Hyundai Motor Group secures four-year lithium deal with China’s Ganfeng Lithium
    South Korean carmaker Hyundai Motor has signed a deal with China’s Ganfeng Lithium Group to secure the supplies of lithium hydroxide, a key raw material required for electric vehicle batteries, for four years starting Jan. 1, 2024, according to a news report published by The Korea Economic Daily on Jan. 19. The report, however, did not disclose more details about the arrangement between the two companies, including the financial terms and total supply volume. The Hyundai-Ganfeng deal new...
    Svolt to supply lithium-ion phosphate batteries for Citroën’s electric hatchback ë-C3
    Svolt Energy Technology will supply its innovative lithium-ion phosphate battery to Citroën for the French carmaker’s affordable small electric car — the ë-C3, the battery-maker said in a press note on Jan. 18. Citroën’s ë-C3, which is slated for commercial launch in the spring of 2024, will be powered by Svolt’s 44-kWh lithium-ion phosphate battery. According to Svolt, its lithium-ion phosphate offers greater thermal and chemical stability, and can withstand more charging cy...
    Hesai selected by global automotive OEM for advanced driver assistance systems lidars
    Hesai Technology announced that a global automaker has selected the company to supply its ultrahigh-resolution, long-range lidar, the AT128, according to a press release dated Jan. 5. The lidar will be integrated in an upcoming all-electric sport utility vehicle (SUV) as part of a Level 2+ advanced driver assistance system (ADAS). With this latest design win, Hesai's products are now integrated into over 50 ADAS series production electric vehicle models. These models are produced by 15 majo...
    Daimler Truck and Torc Robotics selects Aeva to supply 4D lidar for autonomous trucks
    According to a press release on Jan. 9, Aeva, a developer of sensing and perception systems, will supply Daimler Truck with long and ultralong-range lidar sensors for the trucking company’s series production autonomous commercial vehicle program. Through the collaboration, Aeva will supply Atlas — its newly revealed automotive-grade 4D lidar technology — to Daimler Truck and collaborate with Torc Robotics to enable SAE Level 4 capabilities, starting with the Class 8 Freig...
    Klipsch Reference Premiere Audio System to be featured in 2025 Infiniti QX80
    The all-new 2025 Infiniti QX80 will feature a segment-exclusive Klipsch Reference Premiere Audio System, Panasonic said Jan. 8. The Klipsch Reference Premiere Audio System is powered by Panasonic. The system includes 24 specifically designed speakers, such as titanium tweeters, a high-performance 8-inch TriPower subwoofer and Highline roof-mounted speakers, driven by a 24-channel amplifier with a 1-GHz digital signal processor. This integration represents the first of many new featu...
    Mobileye's excess inventory alert puts strain on automotive chip sector
    Mobileye Global issued a cautionary statement on Jan. 4, signaling that a reduction in orders from customers seeking to clear excess inventory would negatively impact its results for the year, according to a report published by Reuters on Jan. 4. This announcement triggered a sell-off in the shares of automotive chip suppliers. The Israel-based company, catering to clients such as Volkswagen and Porsche, witnessed a significant decline of 28.2% in its shares, reaching a one-year low of $...
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